The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-12


sources, customs contributing % per
cent; excise taxes, licenses, etc.,
5.73 per cent; land revenue, q per
cent; the railways, % per cent.
hostages, telegraphs, water rates, etc.,
1927 per cent. Taxes are, there
fere, $l2 68 per head, or two and
one fifth times the United States
average. The aggregate debt in
1888 was S402 523, 555, on which the
annual interest charge is SIS. 045, 200.
Over one-half the interest is met
by the income from railways and
waterworks, and if from the
debt we deduct the amount incurred
for those works and for sewers, tele-
graphs and roads, matters usually
left 70 corporations, we have left but
70,0l5, AS, which is but eight-niDths
the present revenue. Nor are there
large municipal debts to counter
balance, those of Victoria being less
than A,000,000, while its colonial
debt is $780, 100000. Of the budget,
two items are in comparison inter-
esting, the appropriation for defense
in 1882 being S1,871. 900, and
that for education $685. 05, nearly
five times as much. The total mill
tary expenditures from 1854 to 1888
have been but $14, 429 $50, of which
So, 844 865 was incurred between 1854
aud 1864. AS to Australia's credit,
the last Victorian loan of "a 600, 900
of 1884, due 1918, bearing 4 per cent.
interest, was hoated in London at
98s per cent. ex interest; and in that
same year, through 40 unusual state
of exchanges, SS,500,OO0 in gold was
sent to Australia from Europe.
Railway mileage has increased
from 100 miles in 1860 to 56l0 in
1884, with. one-tourth as many in
COZ struction; 205 miles in Victoria
are double tracked. Nearly all
roads are State property, and the net
returns in 1888 we're 3. 46 per cent. on
the cost. The mileage of 1884 gives
one mile for every 442 Inhabitants
oddly enough the mileage Of the
United States in 1884 was one mile
for 442 inhabitants. OF kilograms
Australians send pro rata a greater
number than any other people, 22s
per hundred inhabitants. The
United States comes next, with 1lS
per hundred.
The population, which numbered
1,135 600 in 1861, grew to 1888, 1876 il
1885. The net immigration from
1860 to 1880 was but 10 per cent. pei
decade, but the birth rate is "a 81 pei
Thousand, a gain on the death ratt
"a So per thousaDd), 1896 per cent
The pr ponderance 4 ma es is notice
able, they constituting 81 3 per cent.
and OF the males no fewer than g.
per cent. are of the age, i. g., from
fifteen to sixty five, while 1856 pc
cent. are under fifteen and but a.
per cent. over xty-fve. Simila
figures for England Wales give 3d.;
per cent. workers, 37.4 per cent
children and 4.3 per cent. old men
Such a population may account IL
part for the progressive character o
Australia's industrial development
A torcible reminder of the wealth
of the inhabitants is found in tn,
bank statistics. Ia 1850 the deposit
amounted to $8,701 ,430, or $24 pc
head; 1860 found them $67 .112, 125
or $62 per head. So much for gold
In 1870 500, 24l sos of deposits CAV
an average OF $58 per head, Will
from 1870 10 1880 there was a gain o
$50 per cent, giving total OF 1919,
326, 905, or SOB per head. By 1873
the amount had risen to 311 1886, $40
making an average of $l25 per hea,
of the whole population. This give
a gain from 1860 to 1884, on a de
creasing production Of gold, of 36
per cent.
In addition to this must be con
sidered the deposits in the govern
meDt and in the general saving
banks, which were $l7,0:7,110 an,
$25, 132, 100 for 321 ,912 depositors, o
1929 each. The deposits in the gov
eminent banks in New South Vale
rose from 81 100 in 1871 to S. $50, ID
in 1884, while in Victoria saving
increased from 50 923, $50 in 1861 t
$1I,099,610 in 1884. The total of al
deposits in all banks in 1884 wa
1854 ,099 145, or an average of $l4
per head. In the United States tn
total deposits in 1852, the last yea
with returns, were $2,902 300, 900, 0
an average OF 800 per head.
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